After another transfer window where Premier League clubs outspent their European rivals, fresh data has revealed the huge spending by football clubs on transfers over the past five seasons.
Unsurprisingly, it’s the Premier League that lead the way with nine of the top ten all being from the division.
But where do Newcastle United rank? And how does their spending over the past five seasons, taking into account pre and post-takeover transfer windows, compare with the biggest clubs in the continent?
Here, using data from CIES Football Observatory, we take a look at the 25 clubs with the highest net spend since 2018/19 and rank them to find out the biggest spenders in that time.
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(note: all figures have been converted from € to £)
9. Marseille
According to CIES Football Observatory, Marseille have a net transfer spend of -£170m since 2018/19. Photo: NICOLAS TUCAT
10. PSG
According to CIES Football Observatory, PSG have a net transfer spend of -£178m since 2018/19. Photo: CHRISTOPHE SIMON
11. Everton
According to CIES Football Observatory, Everton have a net transfer spend of -£194m since 2018/19. Photo: Clive Brunskill
12. AC Milan
According to CIES Football Observatory, AC Milan have a net transfer spend of -£200m since 2018/19. Photo: MIGUEL MEDINA